VIDT DAO Has Announced a Key Milestone in Its New Carbon Timestamp Initiative

VIDT DAO has announced a key milestone in its new carbon timestamp initiative, with the official domain now secured. The project is set to launch around March 27.

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As part of the BNB Chain ecosystem, the project is set to launch around March 27 and will be focused on amplifying trust andoperability in environmental data tracking.

The project, which is launching around March 27, will be part of the BNB Chain ecosystem and will focus on amplifying trust andoperability in environmental data tracking. To mark a key milestone, the official domain has now been secured.

This initiative will be leveraging blockchain technology to establish a transparent and verifiable system for tracking carbon emissions.

With a new carbon timestamp initiative set to launch around March 27, Web3 trust protocol VIDT DAO has announced a key milestone.

The project, which is part of the BNB Chain ecosystem, will be focused on amplifying trust andoperability in environmental data tracking.

To mark a key milestone, the official domain has now been secured.

The initiative will be leveraging blockchain technology to establish a transparent and verifiable system for tracking carbon emissions.

Announced earlier this year, the project will be focused on infusing trust into Web3 through a decentralized and verifiable timestamp protocol for carbon emissions data.

This initiative will be powered by VIDT DAO’s open-source platform, which is designed to provide a trusted and verifiable framework for digital data and documents.

The platform uses cutting-edge blockchain and timestamp technology to create a decentralized and transparent system that can be used to track anything from digital certificates to sensor readings.

“The essence of the VIDT DAO platform is to provide a trusted and verifiable timestamp of data and documents on-chain,” said Elie Dib, CEO of VIDT DAO.

“We have developed a protocol that allows any file to be encrypted and the hash to be written to the blockchain along with a timestamp, effectively locking the file at that point in time.”

The platform’s core objective is to ensure that both data and assets, such as digital certificates and sensor readings, can be trusted and verified.

“This is crucial in today’s rapidly changing technological landscape, where the rapid development of AI and deepfake technology is posing new challenges to trust and identity online,” said Dib.

The fundamental function of VIDT DAO is to securely store digital data on blockchains, thereby recording its origins, tracking transfers of ownership, and thwarting potential fraud.

All recorded chains of custody are publicly accessible and unalterable on the blockchain. Using VIDT DAO’s API, users can seamlessly write their encrypted files to the blockchain, providing an integration point for developers using mainstream programming languages like Python and JS.

This makes it particularly attractive for developers who are looking to protect intellectual property or facilitate the sale of digital assets. Moreover, when a file is linked, the associated VIDT DAO smart contract recognizes the issuer and preserves the encrypted hash of that file on the blockchain, ensuring both data privacy and compliance with regulations such as the GDPR.

The VIDT token is used as the utility medium for validation transactions within the VIDT DAO ecosystem. Every validation action is captured by noting the file hash, its timestamp, and the associated blockchain address.

To ensure versatility, VIDT has been launched on two prominent blockchains: as a BEP-20 token on the BNB Smart Chain and an ERC-20 token on Ethereum. This dual deployment ensures broad accessibility and integration options for users and developers.